PredFan
Diamond Member
stop being an idiot.
This is international economics NOT some fantasy land for cons
Everyone stop being an idiot, TM hates competition.
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stop being an idiot.
This is international economics NOT some fantasy land for cons
[A day after voters in France and Greece toppled governments in a European backlash against austerity measures, Republicans moved forward with legislation to replace $78 billion in automatic spending cuts to defense and discretionary domestic spending with a much larger $261 billion cut focused only on domestic spending.
Right out of the script I laid out awhile back. The Republicans don't want shared sacrifice; they want partisan sacrifice.
Their 'austerity' plan exempts their benefactors, ie., the Rich, the defense lobby, the oil lobby, etc.,
from making sacrifices. The sacrifices and belt tightening fall on Democratic constituencies.
well then you democrats gotta stop sucking the teat dry and put some milk money in the pot..
Problem is, Europe has not been cutting spending. Mercatus Center Senior Fellow Veronique de Rugy has crunched the numbers and found that among some of Europes worst economies (Spain, the United Kingdom, France, Greece, and Italy) government spending cuts have wither been tiny or non-existent. Greece and Spain did cut slightly in 2009 through 2011, but both countries are still spending more today than they were in 2008. Italy did reduce spending in 2009 and 2010, but increased spending in 2011. Meanwhile France and the United Kingdom have yet to cut spending at all.
Veronique adds:
The most important point to keep in mind is that whenever cuts took place, they were always overwhelmed by large counterproductive tax increases. Unfortunately, that point is often overlooked. This approach to austerity some spending cuts with large tax increases is what President Obama has called the balanced approach.
Washington Examiner | The Weekly Standard
No response TM?
This is so simple Dimocrats can't possibly get it right.
You're in debt, lots of debt. You got that way by spending more than you earn year in and year out and borrowing in order to pay some of that debt or create more.
So, the very first baby step on the long road to fixing this huge mess is:
A) Cut back your spending.
B) Continue your spending rate as it's been for quite some time.
C) None of the above.
It's not paper airplane science.
Can you read? The Republicans want to put the defense spending back IN the budget.
Here is the Austerity I'm looking for...
Start the budget processes at projected revenues.
That's what we have to work with, triage, compromise, spend it wisely.
No more deficits.
Pay down the debt.
If we have to raise taxes to do that, so be it...but those tax increases CANNOT go into general revenue...they can ONLY be used to pay down the principle debt.
When we get down to a reasonable debt level, sunset those taxes.
Welfare - Wikipedia, the free encyclopedia
Germany
Main article: Hartz_concept#Hartz_IV
The Welfare state has a long tradition in Germany dating back to the industrial revolution. Due to the pressure of the workers' movement in the late 19th century, Reichskanzler Otto von Bismarck introduced the first rudimentary state social insurance scheme. Today, the social protection of all its citizens is considered a central pillar of German national policy. 27.6 percent of Germany's GDP is channeled into an all-embracing system of health, pension, accident, longterm care and unemployment insurance, compared to 16.2 percent in the US. In addition, there are tax-financed services such as child benefits (Kindergeld, beginning at 184 per month for the first and second children, 190 for the third and 215 for each child thereafter, until they attain 25 years or receive their first professional qualification),[12] and basic provisions for those unable to work or anyone with an income below the poverty line.[13]
Since 2005, reception of full unemployment pay (60-67% of the previous net salary) has been restricted to 12 months in general and 18 months for those over 55. This is now followed by (usually much lower) Arbeitslosengeld II (ALG II) or Sozialhilfe, which is independent of previous employment (Hartz IV concept).
Under ALG II, a single person receives 379 per month plus the cost of 'adequate' housing and health insurance. ALG II can also be paid partially to supplement a low work income.
when in history has austerity brought an economy back from world wide recession?
He is a Heritage foundation hack.
How long before TM flees her own thread AGAIN?